We’ve featured the Heublien Building penthouse lofts number one and two in the past, so we might as well hit for the cycle with number three (601 4th Street #PH3).
Purchased for $1,500,000 in October 2006 (and then possibly remodeled), on the market and asking $1,498,000. And yes, it’s Evan Williams’ old pad.
∙ Listing: 601 4th Street #3P (2/2) – $1,498,000 [MLS]
∙ The Heublien Building Lofts (601 4th Street) [SocketSite]
∙ A Truly Unique San Francisco Space And Penthouse: 601 4th St PH1 [SocketSite]
∙ Penthouse Number Two Of Three Atop Six Zero One Fourth [SocketSite]
You can’t hit for the cycle without a homerun.
[Editor’s Note: You can when the “penthouse cycle” only includes three units.]
Who is Evan Williams?
People live there???! I thought it was a warehouse.
lol…I like how you can see the palms from your “private” deck
Evan Willams is the founder of Twitter
Nice place but mispriced by $150-200k.
looks like almost 10% of the bldg is up for sale…
Looks like just over 5% (unless there are unlisted ones currently on the market). There are 86 units in the building, 5 are currently listed on the MLS.
601 4th is a good, solid building. I’m sure the Evan Williams connection doesn’t hurt the property.
Interesting comment on the PH2 thread:
“A friend lived in PH3 in the late ’90s. As much as I like the idea that these are genuine penthouses, unlike 95% of top floor units described as such, there are some real disadvantages to the roof layout. The rocks-covered roof radiates tremendous amounts of heat, it was often stifling out there and in his unit. Also, there was no sheltered path from the elevator to the penthouses, a real inconvenience in wet and windy weather.”
Isn’t it a little bourgie to call a 4th floor condo a “penthouse”? I mean, maybe if it came with a magazine subscription…
http://money.cnn.com/2009/10/01/news/companies/Twitter_CEO_loft/index.htm?postversion=2009100210
A friend is in contract to purchase a unit in this building. I have been trying to advise the family even though this is a solid building, the timing is not right and that they should wait for another 12-18 months. Thoughts?
They will ignore you.
Then later, when you are proved right they will hate you and you will have lost some friends.
That’s why I save my doomerism for anonymous internet chat boards.
No good deed goes unpunished.
agree with diemos. People have even made bets with me (e.g. back in 2008 — “I bet you that housing prices will only drop for the next 6 months, then they will zoom off into the stratosphere again; you have no idea what you’re talking about!”). I say leave it alone — if they’re sold on buying it, you’re not going to convince your friend otherwise.
This actually made the Huffington Post, I’m not sure why…
http://www.huffingtonpost.com/2009/10/02/twitter-co-founder-evan-w_n_307596.html
He moved to Noe, anyone know where?
The listing for 601 4th Street #3P is once again active at $1,498,000 ($836 per square foot) while the sale of 601 4th Street #2P closed escrow three days ago at $663 per square ($785,000).